NBC Evening News for Monday, Jul 09, 1973
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(Studio) General Accounting Office reports to Congress administration mishandled wheat sale to Russia. GAO says wheat sale helped push food prices up this year and taxpayers bearing unnecessary subsidies paid to export grain companies
REPORTER: John Chancellor
(Galveston, Texas) General Accounting Office says Agriculture Department paid export grain companies subsidies to make up for price quoted to Russians and actual grain price. General Accounting Office officials say Russia would have paid higher prices, reducing subsidies paid to grain companies Farmers didn't make profit in wheat deal; exporters did. Lack of wheat here causes grain shortage, resulting in high food prices and shortages. Agriculture Secretary Butz, denies all charges against Agriculture Department and export grain companies Admits wheat deal could have caused higher food prices.
REPORTER: John Cochran
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.